Benefits of Life Insurance -

Need for Life Insurance - There is guarantee of a large amount of money payable at the death of the insured. The amount of death benefit payable, usually exceeds the total premium paid over the policy period. Life insurance is a unique investment that helps you to meet your dual needs - saving for life's important goals, and protecting your assets.

Asset protection - The core benefit of life insurance is that the financial interests of one’s family remains protected from circumstances such as loss of income due to critical illness or death of the policyholder. Simultaneously, insurance products also have a strong inbuilt wealth creation proposition

Goal based savings - Each of us have some goals in life for which we need to save. As the wheel of our life keeps on moving, requirments also keeps on changing. Clearly, as your life stage and therefore your financial goals change, the instrument in which you invest should offer corresponding benefits pertinent to the new life stage.

• BSLI Protector plan
• BSLI Protector Plus plan
  
  
Whole Life Insurance-
Is a life insurance policy that remains in force for the insured's whole life and requires (in most cases) premiums to be paid every year into the policy.


• BSLI Vision Plan

 

Health Insurance -
Health insurance is insurance against the risk of incurring medical expenses. By estimating the overall risk of health care expenses, an insurer can develop a routine finance structure, such as a monthly premium, to ensure that money is available to pay for the health care benefits specified in the insurance agreement.

• BSLI Saral Health Plan
• BSLI Health Plan

 

Endowment plan -
An endowment policy is a Life Insurance contract designed to pay a lump sum after a specified term (on its 'maturity') or on untimely death. There is an amount guaranteed to be paid out called the sum assured and this can be increased on the basis of investment performance through the addition of periodic bonuses or regular bonuses.

• Bachat Endowment Plan
• Bachat Money Back Plan

 

Child Plans -
This plan is specially designed to meet the increasing educational and other needs of growing children. It provides the risk cover on the life of child not only during the policy term.

• BSLI Bachat Child plan
• BSLI Dream Child plan



Retirement Solutions -
In general, pension is an arrangement to provide people with an income when they are no longer earning a regular income from employment. The terms retirement plan or superannuation refer to a pension granted upon retirement.

• BSLI Classic Life plan
• BSLI Dream Life plan



ULIP's -

ULIPs are a category of goal-based financial solutions that combine the safety of insurance protection with wealth creation opportunities. In ULIPs, a part of the investment goes towards providing you life cover. The residual portion of the ULIP is invested in a fund which in turn invests in stocks or bonds; the value of investments alters with the performance of the underlying fund opted by you.

• BSLI Foresight plan
• BSLI Platinum Advantage
• BSLI Dream Endowment Plan
  


Riders -
Riders are important when it comes to life insurance policies. They are a special policy provision that can be added to a policy to expand or limit the benefits otherwise payable. Click Here to View Details